Crypto
XRP Tries to Rebound from $1.40 Support Amid Elevated Market Sentiment
XRP has been hovering around $1.40 as it extends its correction from last week's peak of $1.70. Despite a two-day decline, the token maintains a constructive technical structure that raises the odds of another breakout attempt toward the pivotal $2.00 target.
The crypto market sentiment remains elevated at 65 in the Greed territory on Wednesday, down from 74 the day before, as reflected in the Fear & Greed Index.
On-chain activity paints a bullish picture for XRP, with the number of addresses actively interacting with the XRPL rising to 297,000 as of Wednesday from roughly 119,000 the day before.